Brazil's investment banking company BTG Pactual is planning to raise R$2bn ($380m) via share sale to accelerate its digital retail banking operations, Reuters has reported citing a securities filing.
The bank intends to sell 28.5 million new units, which comprises one common share and two preferred shares.
However, due to overallotments, the number of shares may increase to 35.6 million units, the report added.
